Metford

Suburb Profile

Metford - FREE SUBURB PROFILE REPORT

POSTAL CODE: NSW,2323

A steady increase in median property prices over a five-year period in the suburb translates to a 23.82% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $421,000

The augmented property values in the suburb are trailing above the territorial average of 4.62% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $375.

Home owners selling their properties and realtors in METFORD usually have to wait an average of 36.6 days days before their assets are lifted off the market.

The NSW suburb ranks 205th on the list of best yielding suburbs for rental properties in NSW, posting a 4.63% return.

It also places places 447th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 14.45% over the last 12 months in METFORD, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that METFORD, 2323 obtained a -0.97% decrease over a ten-year period. It ranks 1704th on our list of suburbs that property investors should look into.

METFORD, 2323 has a capital gain of 14.45% for the past year, which is higher than average compared to its 6.64% growth within a five-year period.

With the median home price in METFORD sitting at $305,000, and the average rent at $305, property owners could potentially earn a 5.2% increase in gross rental yield.

A 14.45% increase in median property prices in METFORD, 2323 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 61st.

METFORD, 2323 in NSW belongs to the local government area of Maitland.